Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Market Continues March Towards 5100

11.27 AEDT, Wednesday 20 February 2013

Market Continues March Towards 5100

By Niall King (Sales Trader, CMC Markets)

In early trade, the Australian Market has followed the overnight performance of its international peers by continuing an unrelenting march upwards towards the 5100 point mark. Toll holdings has been this mornings stand-out performer, up 5%, following a strong performance in the first half of the financial year with a profit increase of more than 20%.

The ABS quarterly Wage price index data due out at 11.30am is the next item of business. Further strength should be added to the Aussie dollar if the expected 0.8% increase is reached or breached.

Currency traders will be on high alert this evening with raft of economic data from Germany (manufacturing), France (inflation), UK (Minutes from the latest interest rate decision) and the US (Building permits, PPI and housing starts). Further positive figures from the German economy are likely to more than offset any weak inflation numbers from France and see a rise in the Euro.


Web: http://www.cmcmarkets.com/

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Court Ruling: Kiwifruit NZ Ordered To Consider Collaborative Marketing Proposals

The High Court has told kiwifruit marketer Zespri to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit to sell fruit offshore that its board had previously rejected. More>>

ALSO:

Electric Vehicles: No Road User Charges Feature In Govt Package

Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More>>

ALSO:

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news